Euphoria Infotech IPO Details ( Euphoria Infotech India Limited IPO Review )
(19 Jan 2024 – 23 Jan 2024)
Euphoria Infotech India Limited started its journey in May 2001 and is a complete IT and ITes solutions company located in Kolkata, West Bengal. We specialize in providing solutions for ERP, E-commerce, IoT, cloud-based tools, and data management.
Our offerings fall into five main categories: customized software, e-commerce, IoT, Artificial Intelligence, and Machine Learning.
Our applications cover a range of services such as online recruitment, application processing, urban local body services, university management systems, online ticket booking systems, e-commerce platforms, and IoT-based dashboards for sewerage treatment plants, catering to various industry-specific needs.
In the fiscal years 2021, 2022, and 2023, our company recorded total revenues of ₹556.14 Lakhs, ₹493.87 Lakhs, and ₹737.56 Lakhs, respectively. During the same periods, the Profit after Tax amounted to ₹23.91 Lakhs, ₹21.71 Lakhs, and ₹129.71 Lakhs, respectively.
As of May 31, 2023, our company employs a total of 29 individuals across different departments, including Accounts, Business Development, Software Development, and Legal and Compliance. Additionally, we have engaged 16 IT professionals who are actively involved in software development and project implementation.
Euphoria Infotech India Limited IPO Competitive Strength
- Experienced Promoter and Qualified Senior Management Team
- Scalable Business Model
- Agile engineering and delivery
- Exclusive Agreement for certain domains with Webel Technologies Limited
- Marque Clientele
Euphoria Infotech IPO Financials Performance ( Results )
Euphoria Infotech India Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 709.59 | 556.14 | 26.17 | 1.35 | 260.56 | 13.42 | 259.27 | 119.69 |
| 31-Mar-22 | 626.71 | 493.87 | 19.90 | 1.02 | 280.46 | 14.44 | 279.17 | 123.06 |
| 31-Mar-23 | 832.64 | 737.56 | 129.69 | 6.68 | 410.15 | 21.12 | 215.96 | 155.09 |
| 30-Sep-23 | 966.21 | 365.61 | 60.49 | 3.12 | 470.64 | 24.24 | 276.45 | 213.22 |
Objective of Euphoria Infotech IPO Issue
- Working Capital requirement;
- General Corporate Expenses
Euphoria Infotech IPO Basic Details
| IPO Date | Jan 19, 2024 to Jan 23, 2024 |
| Listing Date | Monday, January 29, 2024 |
| Face Value | ₹10 per share |
| Price | ₹96 to ₹100 per share |
| Lot Size | 1200 Shares |
| Issue Size | 960,000 shares of ₹10 (aggregating up to ₹9.60 Cr) |
| Fresh Issue | 960,000 shares of ₹10 (aggregating up to ₹9.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,941,860 |
| Share holding post issue | 2,901,860 |
| Company Promoters | Mr. Shamba Bhanja |
Euphoria Infotech IPO Reservation
| Market Maker Shares Offered | 5.00% of the Net Issue |
| QIB Shares Offered | 47.50% of the Net Issue |
| NII (HNI) Shares Offered | 14.25% of the Net Issue |
| Retail Shares Offered | 33.25% of the Net Issue |
Euphoria IPO Timetable
Euphoria IPO will open on January 19, 2024 and close on January 23, 2024. You can join Euphoria IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 19 January 2024 (Friday) |
| Closing Date | 23 January 2024 (Tuesday) |
| Basis of Allotment | 24 January 2024 (Wednesday) |
| Initiation of Refunds | 25 January 2024 (Thursday) |
| Credit of Shares to Demat | 25 January 2024 (Thursday) |
| Listing Date | 29 January 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 23 January 2024 |
Euphoria Infotech IPO Lot Size
For retail investors in Euphoria Infotech IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| S-HNI (Min) | 2 | 2400 | ₹240,000 |
Euphoria Infotech IPO Promoter Holding
The company’s promoters include Mr. Shamba Bhanja.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Euphoria Infotech India Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 29.02 |
| Earning Per Share (EPS) | ₹6.68 per Equity Share |
| Net Asset Value (NAV) | ₹21.12 per Equity Share |
| P/E Ratio (P/E) (x) | 14.97 |
| Post P/E Ratio (P/E) (x) | 22.37 |
| Return on Net Worth (RoNW) (%) | 31.62 |
| Return on equity (ROE) (%) | 38 |
| Return on Capital Employed (ROCE) (%) | 49 |
| Debt/Equity Ratio | 0.38 |
Euphoria Infotech Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Euphoria Infotech (India) Limited | Standalone | 10 | 6.68 | 22.37 | 31.62 | 21.12 |
| Peer Group | ||||||
| Infobeans Technologies Limited | Standalone | 10 | 14.83 | 30.36 | 13.24 | 111.97 |
| Xchanging Solutions Limited | Standalone | 10 | 4.03 | 13.21 | 19.54 | 60.70 |
Euphoria Infotech IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹80 | – | – |
| 24 January 2024 | ₹80 | – | – |
| 23 January 2024 | ₹80 | – | – |
| 22 January 2024 | ₹100 | – | – |
| 21 January 2024 | ₹100 | – | – |
| 19 January 2024 | ₹100 | – | – |
| 18 January 2024 | ₹90 | – | – |
| 17 January 2024 | ₹90 | – | – |
Euphoria Infotech IPO Detail Video:
Euphoria Infotech IPO Subscription Status (Bidding Detail)
The Euphoria Infotech IPO on January 24, 2024 at 7:30:00 PM was subscribed 383.86 times, with the retail category being subscribed 426.65 times, the NII (Non-Institutional Investor) category being subscribed 280.88 times, QIB (Qualified-Institutional Buyers) category being subscribed 413.26 times.
| Category | Subscription |
| QIB | 413.26x |
| NII | 280.88x |
| Retail | 426.65x |
| Total | 383.86x |
Euphoria Infotech IPO Prospectus
| Euphoria Infotech IPO DRHP | Download |
| Euphoria Infotech IPO RHP | Download |
| Euphoria Infotech IPO Anchor Investors Details PDF | Download |
Euphoria Infotech IPO Rating
| Our Rating | 3.5/5.0 |
Euphoria Infotech Company Contact Information
Euphoria Infotech India Limited
Registered Office: Bengal Eco Intelligent Park, Building, Tower I, EM-3, Unit 16, 13th Floor, Sector V, Salt Lake City, Kolkata 700091 West Bengal.
Tel: +91 33 4602 1034
E-mail: cs@euphoriainfotech.com
Website: www.euphoriainfotech.com
Contact Person: Md. Talha, Company Secretary and Compliance Officer
Our Promoter: Mr. Shamba Bhanja
Euphoria Infotech IPO Registrar
MAS Services Limited
Registered Office: T-34, 2nd Floor, Okhla Industrial Area, Phase – II, New Delhi -110020, India;
Telephone: +91 11 – 26387281/ 82/83;
Facsimile: +91 11 – 26387384
Email ID: info@masserv.com
Website: www.masserv.com
SEBI Registration No.: INR 000000049
Contact Person: Mr. N C Pal
Euphoria Infotech IPO Lead Manager
Khandwala Securities Limited
Registered Office: Vikas Building, Ground Floor, Green Street, Fort, Mumbai, Maharashtra, 400023.
Tel. No.: 022 – 4076 7373;
Fax No.: 022 – 4076 7377 / 78;
Email: ipo@kslindia.com, rinav@kslindia.com;
Website: www.kslindia.com
SEBI Registration: INM000001899
Contact Person: Mr. Rinav Manseta / Mr. Abhishek Joshi
Euphoria Infotech IPO FAQs
What is the lot size of Euphoria Infotech IPO?
The total size of Euphoria Infotech IPO is ₹9.60 crores and this is a complete fresh Issue.
When will Euphoria Infotech IPO start?
Euphoria Infotech IPO will open from 19 January 2024 and IPO will close on 23 January 2024.
What is the open date of Euphoria Infotech IPO?
Euphoria Infotech IPO will open date from 19 January 2024.
What is the last date ( close date ) of Euphoria Infotech IPO?
Euphoria Infotech IPO will close from 23 January 2024.
What is the price band of Euphoria Infotech IPO?
Euphoria Infotech IPO price band is ₹96 to ₹100. ( Upper Price Band: ₹100, Lower Price Band: ₹96 )
What is the minimum amount required to apply for Euphoria Infotech IPO?
The minimum investment for retailers to apply for Euphoria Infotech IPO is ₹120,000 and the maximum investment is ₹120,000.
What is going on gray market premium of Euphoria Infotech IPO?
View gray market premium of Euphoria Infotech IPO by Clicking Here
How much is the GMP of Euphoria Infotech IPO?
Watch Euphoria Infotech IPO GMP Today: Click Here
What is the allotment date of Euphoria Infotech IPO?
The allotment date of Euphoria Infotech IPO is 24 January 2024.
How to check allotment status in Euphoria Infotech IPO?
To check the allotment status of Euphoria Infotech IPO, first of all go to the registrar website by clicking here, select your bad Euphoria Infotech IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Euphoria Infotech IPO?
The listing date of Euphoria Infotech IPO is 29 January 2024.
How much will be the listing gain in Euphoria Infotech IPO?
View listing gain of Euphoria Infotech IPO by Clicking Here
How much time Euphoria Infotech IPO is subscribed?
Total 383.86 times subscribed in Euphoria Infotech IPO out of which 426.65 times subscription was done in retail quota, 280.88 times subscription in NII quota and 413.26 times subscription in QIB quota.
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